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Taiwan tag returned 102 results

  • Taiwan: Startup helps insurers cut operating costs

    Taiwanese startup BravoAI has been applying computing vision (CV), natural language processing (NLP) and artificial intelligence (AI) technologies to help domestic insurers screen insurance applications and handle insurance claim settlements, cut operating costs, according to company founder and chairman Jack Chao.

    Asia | 19 Feb 2019
  • Taiwan: Proposed forex rule changes could lead insurers to lower hedged ratios

    Revisions proposed to foreign-exchange volatility reserve rules by Taiwan's insurance regulator, the Financial Supervisory Commission (FSC), would incentivise insurers to lower their hedged ratios (i.e., the share of their foreign currency portfolios hedged with traditional instruments such as nondeliverable forwards and cross-currency swaps) against potential Taiwanese dollar appreciation, according to a commentary by Moody's Investors Service.

    Asia | 12 Feb 2019
  • Taiwan: Limit re-imposed on insurers' Formosa bond investments

    Revised regulations that re-impose limits on Formosa bond investments of insurance companies have come into effect since 23 November.

    Asia | 27 Nov 2018
  • Taiwan: More online travel insurance purchases hit airport sales

    As more air travellers are buying insurance online, the average bid price for an insurance sales counter at Taiwan Taoyuan International Airport Terminal 2 has tumbled 18% to NT$2.6m (US$84,175) per month, from NT$3.2m six years ago when the last tender execise was held, Taoyuan International Airport Corp (TIAC) senior vice president Ms Hong Yu-fen has revealed.

    Asia | 15 Nov 2018
  • Taiwan: Insurers increase investment in '5 plus 2' industries

    Insurers in Taiwan seem eager to invest in the "5 plus 2" industries being promoted by the government, having poured about NT$100bn ($3.23bn) into those sectors in a recent four-month period, the Financial Supervisory Commission (FSC) has announced.

    Asia | 26 Oct 2018
  • Taiwan: Train derailment to lead to payout of around $3.9m.

    The devastating derailment of an express train last Sunday that resulted in at least 18 deaths and injured at least 170 people is estimated to lead to liability insurance payouts totalling around NT$120m ($3.9m).

    Asia | 23 Oct 2018
  • Taiwan: FSC studies feasibility of online-only insurers

    The Financial Supervisory Commission (FSC) will study and deliberate the viability of online-only insurance companies, according to the chairman of the regulatory agency, Mr Wellington Koo, has said.

    Asia | 05 Oct 2018
  • Taiwan: Annual spending on insurance stands at US$4,998 a year

    Taiwan's financial regulator has urged people in the island to examine whether the insurance products they purchase meet their actual needs, as Taiwan appears to have the highest insurance penetration rate in the world with each person paying an average $4,998 on premiums per year.

    Asia | 25 Sep 2018
  • Taiwan's regulator to limit insurers' investments in Formosa bonds

    Taiwan's financial regulator plans to put limits on the investments of insurance companies in Formosa bonds, following a spike in their holdings of bonds issued by foreign issuers, reports Reuters.

    Asia | 18 Sep 2018
  • Taiwan: Population to start falling in 2022 -- 3 years earlier than forecast

    Taiwan's population will begin to decline three years earlier than previously predicted, with the population shrinking to as low as 16m by 2065, according to the latest estimate by the National Development Council (NDC).

    Asia | 06 Sep 2018

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